A popular Bureau de Change (BDC) operator named Abubakar Mannir linked to Emirates Booth Company has been accused of defrauding Mr.
Manas Das, the Chief Executive Officer of Allkraft Technology and Industries Limited, of a staggering sum totaling $737,015.00.
According to reports, Das, an Indian based in Nigeria, engaged Mannir's services to procure United States dollars (USD) amounting to $900,000 under three separate agreements. Allkraft Technology's General Manager, Abdulrahman Abubakar, disclosed that the full Naira equivalent of $900,000 was duly transferred from Allkraft to the Zenith Bank account of Emirates Booth in December 2023.
However, complications arose when Mannir purportedly remitted only $162,985 through Emirates Booth to Das, leaving a significant balance of $737,015 unpaid. Allegedly, Mannir vanished without fulfilling the financial obligations.
Abubakar recounted the sequence of events, stating, "The contracts were slated for fulfillment in November 2023, but due to purported delays cited by Emirates Booth, the transfers were rescheduled from January 15 to January 19, 2024. Meanwhile, Mr. Das had traveled to Abuja, where the remittance was to be processed."
He continued, "Despite plans for a dinner meeting on January 14, 2024, to ensure payment arrangements, Mannir failed to show up. Subsequent attempts to contact him revealed his disappearance. Following extensive inquiries, it was discovered that Mannir had fled to Niger, evading authorities."
Abubakar lamented the ordeal, stating, "Despite persistent efforts and collaboration with law enforcement, Mannir remains at large, and the funds are yet to be recovered. We have reason to believe he maintains contact with his family, as evidenced by recorded conversations with his mother."
The case highlights the vulnerability of businesses to fraudulent practices and underscores the importance of due diligence when engaging in financial transactions. As investigations continue, Allkraft Technology remains resolute in its pursuit of justice and recovery of the misappropriated funds.
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